Marie Brennan ACCA, 24th July 2019 The Revenue Commissioners have provided updated guidelines to the VAT registration process which took effect on the 15th June 2019. The process has been updated to include two status options; applicants must now select either “domestic only” status or “intra-EU” status when applying for a VAT Registration Number for […]
By Caitlyn Buchanan, 22 July 2019 The United Kingdom’s registrar of companies, Companies House is planning reforms that will result in the biggest overhaul of its official corporate register in 175 years. The plans were announced following recent criticism that criminals around the world are laundering unlawful gains through shell companies registered in the UK. […]
By Andrew Lambe, 22nd June 2019 Following the imminent introduction of the Central Register of Beneficial Ownership (RBO) in Ireland, there is pressure from some quarters to make Limited Partnerships (LPs) and Investment Limited Partnerships (ILPs) more transparent in terms of who is behind them. LPs and ILPs will be exempt from the RBO in […]
By Caitlyn Buchanan, 29 May 2019 A Politically Exposed Person is a term used to describe someone who has been entrusted with a prominent public function. Commonly referred to as PEPs, these people generally present a higher risk because of their higher potential to become involved in bribery or corruption due to their positions of […]
By Caitlyn Buchanan, 22 May 2019 Employee share option schemes can be utilised by Irish businesses as part of their employee benefits package. When employees exercise an option on shares in a company they are normally subjected to income tax, PRSI or USC at the date of exercise. While some share incentive schemes are described […]
By Caitlyn Buchanan, 30 April 2019 The UK government has announced various measures that should be taken by UK Companies with non-resident ownerships to prepare for the event of a no deal Brexit. If a transitional agreement is met between the UK and the EU, the following items may not apply. Reaching a deal remains […]
By Caitlyn Buchanan, 8 April 2019 (Updated 23rd September 2019) The Irish Department of Justice and Equality have recently announced changes that will grant Spouses and De Facto Partners of Critical Skills Employment Permit Holders the ability to work in Ireland without obtaining a Spousal Work Permit. This policy change took effect on 6th March […]
By Philip Hayden, 5 April 2019 (Updated 25th June 2019) Following months of delay, the Minister for Finance has signed the Statutory Instrument to put the Register of Beneficial Ownership (RBO) in place. This instrument provides for the appointment of a Registrar to administer the new RBO which will require detailed information submitted on any […]
By Philip Hayden, 3 April 2019 An Irish company that has directors normally resident outside of the European Economic Area (EEA) would generally be required to put a Section 137 Non-Resident bond in place. This bond acts like an insurance policy that the Irish government can reclaim unpaid taxation or charges incurred by a company […]
By Caitlyn Buchanan, 28 March 2019 The Employment (Miscellaneous Provisions) Act 2018 completed its passage in the Oireachtas and was signed by the President on 25 December 2018. The Act came into force on 4 March 2019 and makes small but significant changes to employment rights legislation in Ireland. The Miscellaneous Provisions Act 2018 addresses […]
